Eaton reported record second quarter results with revenue of $8.53 billion, up over 21% year-over-year and beating the $8.13 billion consensus estimate. Adjusted EPS rose nearly 7% to $3.15, exceeding the $3.07 forecast. The company raised its full-year organic growth guidance to 11%-13% from 9%-11%, and lifted its adjusted EPS outlook to $13.40-$13.60, above the $13.24 consensus. U.S. data center backlog reached 307GW, representing 15 years of backlog at 2025 build rates, and demand for Eaton’s electrical management solutions and liquid cooling capabilities is accelerating in this segment.
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